ACC's economic outlook for the week ended 11 July 2014

10:40 AM MDT | July 14, 2014 | American Chemistry Council

MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 16 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt up 7.4% annual rate; up 6.5% Y/Y Wholesale Trade up 0.7%; up 6.6% Y/Y Semiconductor Sales up 2.0%; up 8.8% Y/Y Small Business Optimism down 1.6 points to 95.0 OECD+6 CLI -- 0.0%--; up 3.5% Y/Y BUSINESS OF CHEMISTRY STATUS For the business of chemistry, the indicators bring to mind a green banner for basic and specialty chemicals. Oil down $108.66 (Thursday) Natural Gas down $4.12 (Thursday) Railcar Loadings...